MADISON BLACK CHAMBER OF COMMERCE INC (EIN 202877968) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

CAMILLE CARTER

Phone

6087291238

Tax Period

2024-01-01 to 2024-12-31

MADISON BLACK CHAMBER OF COMMERCE INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $992K left a modest 6% surplus.

Mission

THE MADISON BLACK CHAMBER OF COMMERCE (MBCC) EMPOWERS THE GREATER MADISON COMMUNITY BY GROWING AND SUSTAINING BLACK OWNED BUSINESSES THROUGH EDUCATION, ADVOCACY AND DEVELOPING BLACK WEALTH TO PROMOTE THE POWER AND IMPACT OF BLACK OWNED BUSINESSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,031,338

Program Service Revenue $14,858

Investment Income $5,649

Other Revenue $5,296

TOTAL REVENUE $1,057,141

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $473,550

Fundraising Expenses $0

Other Expenses $517,143

TOTAL EXPENSES $992,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,057,141	$1,597,496	-0.3%
Expenses	$992,193	$1,155,889	-0.1%
Net Income	$64,948	$441,607	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$135,000

Total Directors

$135,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAMILLE CARTER	PRESIDENT	60.00	Officer Director	$135,000	$0	$135,000
ANDREW MCKINNY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CORINDA RAINEY-MOORE	TREASURER	2.00	Officer Director	$0	$0	$0
JERMAINE BUTLER	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAUDE GILMORE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MARTIN LACKEY SR	DIRECTOR	2.00	Director	$0	$0	$0
KARTEZ ROWELL	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,057,141	$992,193	$1,199,548	$64,948
2023	$1,597,496	$1,155,889	$1,324,095	$441,607
2022	$306,646	$247,746	$299,032	$58,900
2021	$295,604	$152,431	$214,416	$143,173

MADISON BLACK CHAMBER OF COMMERCE INC